Good point in the closing cost as well.

My PM has advised me that they have a different client who has successfully fought the appraisal, but it took about 3 years, and probably cost a fortune in legal fees. 

I know you need to make your payments, but compassion doesn't cost a dime, and making an effort to find an equitable solution is good for everyone involved.

I've seen it offered on cruises and in different locations like Costa Rica, Thailand, and France.Instead of doing it yourself, you can also join a real estate company that has offices all over the world and make your referrals that way. 

A turnover could easily cost a couple of thousand dollars, plus you won’t be collecting rent for a month or so.

We are looking at either 90% or complete replacement cost as a basis for the quote.

They cost a very high fee.

these are called low value assets and low balance loans.. its a widely known fact in the standard mortgage industry that these are the highest risk.it cost as much to foreclose on a 40k loan as a 400k loan.. there Is no money.. and those properties tend to be in less desirable areas or flat out war zones or worst area of a city..

I don't want to drop lots of money to litigate something that may only cost a few thousand to repair, but on the other hand, if it's reasonable to request the previous owner to pay for this, I would like to do so.

I have an idea of rebuilding it and converting it to a fourplex, which I know cost a lot of money.